How long will this last?

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It will probably be a few years down when I finally get my RN license but I have a question. When do you think this job market for nurses will bounce back..a year...a few years....5 yrs..etc? I was just wondering what you guys think? I was also wondering what will happen to the new grads that graduated last year and this year who cant find jobs they will have to compete with people who are currently graduating and this will in no doubt flood the market. Thoughts?

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Specializes in rehab.

oh oh! i hope not...no more shortage!!!...sounds like what happened in England a few years back. There was a shortage...goverment paniced, they "imported" so many foreign nurse from phillipines and other comonwealth countries; established free education for health care professionals= too many nurses,few jobs :eek:

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Specializes in ortho, hospice volunteer, psych,.

one thing that i think that will help as the market and the economy improve and the job market eases is for nurses to remain flexible. by that, i simply mean not to get

stuck in a rut and keep saying or thinking "but i've always been a _____ nurse." or "i've always worked in the ___ dept." or "i've wanted to work with the ____ population of patients since i was 15." stay flexible with dept. and shift you work. don't say "i'll never work nights!" or "i hate to get up that early so i won't work days."

one important lesson you learn of necessity as you grow older and (hopefully more mature) is that flexibility isn't an option -- it's a given.

kathy

sharpeimom:paw::paw:

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I think that the situation will improve as the stock market continues to rise and those ready to retire have gained substantially in their 401k/403b accounts. A lot of the current problems arise from those nurses who are older and choosing not to retire as planned because their accounts didn't support the lifestyle they wanted in retirement. For those of you who are concerned about getting a job after graduation realize though the job market is currently tight for newgrad nurses, it is comparitively easy to find a job as compared to some of the other majors out there -- such as BS Biology, or any liberal arts for that matter.

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Specializes in Critical Care,Recovery, ED.

Employers hire when the see the costs of hiring a new person are less then the use of OT or the use of temporary workers. In addition they need to be assured that they will have access to the lines of credit they need as payroll costs typically occur before the income generated is paid by the insurance companies and the government.

So when you see banks lending to small and medium size business as opposed to making money in the carry trade, the job situation will begin to ease. My guess is that it will be sometime in 2102 to 2113 before this happens to a substantial degree.

Agree with the above post re older employees not retiring because of fear of not being able to maintain life style do to poor investment returns. Also poor economies bring experienced RNs back into the work force and working RNs increase their hours.

So a few more years of tough times, be flexible and be willing to travel or re locate if necessary.

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Employers hire when the see the costs of hiring a new person are less then the use of OT or the use of temporary workers. In addition they need to be assured that they will have access to the lines of credit they need as payroll costs typically occur before the income generated is paid by the insurance companies and the government.

So when you see banks lending to small and medium size business as opposed to making money in the carry trade, the job situation will begin to ease. My guess is that it will be sometime in 2102 to 2113 before this happens to a substantial degree.

Agree with the above post re older employees not retiring because of fear of not being able to maintain life style do to poor investment returns. Also poor economies bring experienced RNs back into the work force and working RNs increase their hours.

So a few more years of tough times, be flexible and be willing to travel or re locate if necessary.

I think we all will be long gone by 2102 and 2113:lol2: I know what you mean

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This has been a big question of mine when considering a change of careers. I would like to go into nursing and have two options -- a one year accelerated program or a two year regular BSN program. The two year program may end up being cheaper for me and I'm wondering if it makes sense in terms of how the job market will rebound (graduate in 2012). I know a few ADN students who graduated in May and just now found jobs -- jobs they dislike but are taking in order to get by. It's certainly something I'll continue to ponder. Maybe the admissions group will make it easy and I'll only get into one program! ;)

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Specializes in home health, dialysis, others.

I have a very different 'take' on all this. I believe that what we have now is what we will always have. The entire practice of health care has gone under a revolution in the past 15 years.

At least 75% of what were inpatient surgeries are now outpatient. Herniorraphy? Cholecystectomy? Even some bariatric procedures! Open hearts - out of the hospital in 3-4 days!

Only the sickest, most acute, most complicated get to stay in the hospital.

Need long-term IV meds? In the home! Even TPN w/lipids, in the home!

Yes, there maybe some places that will hire more nurses in a few years, but I think that the job market will be static for quite a while.

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